Thursday, 16 June 2016 08:14

Dairy dependency dwindles

Written by 

Finance Minister Bill English says it turns out that the country is not as dependent on the dairy industry as we thought.

"We certainly benefited from its strength through 2009-10 when the dairy industry helped pull the country out of recession ," he says.

"Now we see a whole range of industries where there size is such when they grow as they are, it is taking the whole national economy forward."

English made the comments while opening the 2016 National Fieldays.

English singled out the horticulture industry and the sheep and beef industry as doing well.

He says the economy has pretty strong prospects because "it turns out we have a well balanced export sector".

"Of course there are risks out there; on any given day we can worry about whether the Chinese credit bubble will burst or whether Britain will leave the EU.

"Both of these things look a bit more likely this week than they did last week."

More like this

Featured

Dr Mike Joy says sorry, escapes censure

Academic Dr Mike Joy and his employer, Victoria University of Wellington have apologised for his comments suggesting that dairy industry CEOs should be hanged for contributing towards nitrate poisoning of waterways.

People-first philosophy pays off

The team meeting at the Culverden Hotel was relaxed and open, despite being in the middle of calving when stress levels are at peak levels, especially in bitterly cold and wet conditions like today.

Farmer anger over Joy's social media post

A comment by outspoken academic Dr Mike Joy suggesting that dairy industry leaders should be hanged for nitrate contamination of drinking/groundwater has enraged farmers.

From Nelson to Dairy Research: Amy Toughey’s Journey

Driven by a lifelong passion for animals, Amy Toughey's journey from juggling three jobs with full-time study to working on cutting-edge dairy research trials shows what happens when hard work meets opportunity - and she's only just getting started.

National

Machinery & Products

» Latest Print Issues Online

The Hound

Faking it

OPINION: Demand for red meat is booming, while it seems the heyday of plant-based protein is well past its 'best…

M.I.A.

OPINION: The previous government spent too much during the Covid-19 pandemic, despite warnings from officials, according to a briefing released…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter